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Wealthiest entities on Earth lobbies government for handouts. I'm not even being snarky, this is just a lobby group trying to socialize costs to avoid spending
by cedilla 5y ago
Wealthiest entities on Earth lobbies government for handouts.
I'm not even being snarky, this is just a lobby group trying to socialize costs to avoid spending their own money. Explicitly: “Government should refrain from intervening as industry works to correct the current supply-demand imbalance causing the shortage,”. The industry is not stripped for cash at all, so if the government is not expected to steer, why should it put up the people's money?
- yrgulation 5y agoThe worst part is that they might get such handouts. I don't understand how, given their mighty fortunes, they haven't achieved 99.9% automation to keep costs as low as in cheap labour countries. If anything I think the EU, US and UK should subsidise research in achieving near full automation. Sucks for low skilled labour but they’ve already been fucked when jobs were moved overseas.
- cedilla 5y agoIf I understand the situation correctly, the current president is already willing to enact such a law. The lobbying seems to be about pressuring congress into actually passing it. Fair enough, everyone is entitled to lobby for their interests. What I take umbrage with is that they want to turn subsidies into handouts. It's beyond ironic to call for subsidies but then label oversight as "intervening". Subsidies are interventions. Without a government plan and oversight they are just legalized corruption.
- rebuilder 5y agoThis is just the PR spiel we're seeing. What they're really saying is the usual: Local cost is too high to be competitive, subsidize or lose jobs. It's a naked power play (or pragmatic statement of fact, depending on your viewpoint). They're just framing it in a way they think will fit the current, protectionist mood.